This agreement is between Oakmont Capital, LLC (“Seller”) and (“Buyer”). The Buyer and Seller, when mentioned together may be referred to as Parties. Seller agrees to sell to Buyer the property commonly known as: (“Property”). The parties agree to the following terms and conditions:
Buyer will pay the purchase price of $ to Seller. The entire purchase price, minus the due diligence fee described below will be paid to Seller at closing.
Buyer will pay $ due diligence fee as the initial deposit to Seller. Except in the case clear title cannot be secured, if the Buyer fails to close, the deposit will be forfeited and automatically released to the Seller as damages. This agreement is not binding until both parties have signed and the deposit has been received.
The Property is sold as is. Seller makes absolutely no representation of the Property condition or specifications. This includes but is not limited to permitting, zoning, property access easements, major structures, foundations, occupancy, electrical, plumbing, mold, lead, asbestos, size, dimensions, or any property defects or details. Buyer acknowledges that they are not relying on any representation whatsoever of the Property by the Seller (whether written or verbal). Buyer has satisfactorily conducted his or her own due diligence and has willfully agreed to assume all risks related to the condition and characteristics of the Property. Buyer agrees to hold Seller harmless from all claims, liabilities, and causes of action related to as such.
Closing will be on or before , 20 (may be extended up to 30 days to clear/cure title). Seller will choose the closing agent, and Buyer will pay for all closing company costs including seller’s side doc prep & deed stamps. Title will be transferred by Warranty Deed at closing. Real estate taxes will be prorated to closing date. Buyer is aware that the Seller may be concurrently purchasing the Property for immediate resale and profit and this Agreement is contingent upon Seller closing on the subject Property.
This agreement is not assignable.
If legal action is needed to enforce any part of this Agreement, the winning party is entitled to reasonable attorney fees and cost.
This Agreement is complete between the Parties. No other representations have been made or relied on in making this Agreement. If any part or provision in this agreement is held to be invalid or unenforceable, the remaining valid provisions will stay in force and effect.
By signing below, you understand and agree to the terms and conditions of this Agreement to Purchase Real Estate. Diligence monies shall be delivered in person or by wire to seller or seller’s attorney within 24-hours of dually signed agreement for this contract to be effective.
Deposit $ — Must be delivered within 24-hours of signing by:
704-313-1400 | jordan@solutionhomebuyers.com
Signer:
Phone & Email:
Mailing Address:
Receipt of Due Diligence Deposit
The undersigned hereby acknowledges receipt of the Due Diligence Deposit (DD) in the amount of:
$
Received from:
Property Address:
Date Funds Received:
Received By:
For: Oakmont Capital LLC